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Comprised of more than 160 real estate professionals, NAI Hiffman provides leasing, management and investment sales representation for owners and occupiers of commercial real estate in the Chicago metro market. It currently leases and manages a 77+ million SF portfolio of over 600 commercial properties throughout metropolitan Chicago, Northwest Indiana and Southeast Wisconsin. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout the world, with 7,000+ local market professionals, handling over $20 billion in transaction value and managing 425+ million SF of property. For more information, please visit www.naihiffman.com.

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Mar 14 Market Outlook from David Haigh at MIPIM 2014

There was a lot of buzz this year about "alternative assets." At an event that feasts (literally and figuratively) on capital and development opportunities, there appears to be a few market participants who have found that competition for traditional office/industrial/retail investment opportunities has resulted in an environment where whomever can take the lowest rate of return wins. As a result there is a large pool of institutional investors looking for stable income and long lease potential and they are starting to look beyond the traditional asset classes for opportunities.

Alternatives assets were described as private rented residential, student housing, healthcare, assisted living and hotels. These sectors are well established, but they are less popular with institutional investors because of their unfamiliarity with the demographic drivers and other non-financial factors at play.

Expect to see more institutional investors become savvier with these alternative assets and those that get to them first will post some nice returns. Success and higher returns will bring about competition and then we will see returns taper once institutional investors are vested in these alternative assets.

The real question is what will happen when the alternative assets are swamped by institutional investors and returns fall... I suppose that I'm just going to have to go to MIPIM again next year and see!